Global Energy Contracts: Post Pandemic Changes and Solutions
The future impact of the pandemic is almost impossible to predict accurately. It seems that the pandemic will have a significant impact on the operations of companies. As the COVID-19 pandemic continues to unfold, it is critical that energy companies assess their risk exposure under existing contracts and contracts under negotiations. It is rightly also important to evaluate each contract in its entirety because many clauses could contain important, relevant obligations and prerequisites, such as “change in law” and dispute resolution provisions. Understanding the contract will help one prepare to defend oneself, or exercise one’s rights, if a dispute arises from non-performance.
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